China Merchants scrape up's net profit grew steadily in the first half of the year, and its business development was grasped at the same time

On the evening of August 24th, China Merchants scrape up released the semi-annual report for 22. During the reporting period, the company achieved an operating income of 3.868 billion yuan, a year-on-year increase of 49.88%; The total profit was 272 million yuan, a year-on-year increase of 12.38%; The net profit attributable to shareholders of listed companies was 179 million yuan, a year-on-year increase of 11.66%. By the end of the reporting period, the company's total assets were 15.932 billion yuan, down 3.45% from the beginning; The net assets attributable to shareholders of listed companies were 8.16 billion yuan, an increase of 2.21% over the beginning of the year; The asset-liability ratio was 48.83%, down 2.68 percentage points from the beginning. After the completion of asset restructuring at the end of 219, the company adhered to the "two-handed grasp" of business development and organizational integration, completed strategic planning in the fight against epidemic, and completed organizational integration in the development, while achieving steady growth in performance, improving service quality and customer satisfaction, and exploring development potential.

the scale of the property business has grown rapidly

the market share has continued to increase

At the end of 219, China Merchants scrape up completed its restructuring and listed on the Shenzhen Stock Exchange. After the reorganization and listing, the company's AVIC Property and China Merchants Property went hand in hand, deepened regional and market segments, continuously expanded service formats, enriched and extended service connotations, maintained steady business development, and demonstrated new value of properties in the new era.

in the first half of 22, the income of China merchants scrape up property management business increased steadily. During the reporting period, the company's property management business realized operating income of 3.587 billion yuan, accounting for 92.75% of the company's operating income, an increase of 1.496 billion yuan or 71.57% compared with the same period of last year, mainly due to the inclusion of China Merchants Property in the consolidated scope of the company since December 219, the increase in income from property management projects under management and the increase in newly expanded property management projects this year.

at the end of the reporting period, there were 1,315 property management projects in China Merchants scrape up, with a total management area of 172 million square meters, covering more than 7 major cities across the country, with diversified service formats. In the company's property management business, the top five revenue regions are Shenzhen, Jiangsu, Beijing, Shandong and Sichuan, with a total operating income of about 1.877 billion yuan and a total management area of about 73.63 million square meters.

China Merchants Group is one of the enterprises that laid out digital transformation earlier at the level of central enterprise groups. The Group insists on promoting digital transformation, empowering its business and enhancing its core competitiveness. China Merchants scrape up, as the only enterprise under China Merchants Group engaged in property asset management and service, has also continuously increased its investment in digitalization and technology empowerment in property business. The company's basic business platform covers more than 1,2 projects nationwide, with nearly 8 million service work orders, 98% work order completion rate and 99% service satisfaction. The business platform model and development framework were built, and 354 data micro-services were developed. Initially realize online business, visual management and intelligent facilities, and move forward to upgrade the technology empowerment platform. During the epidemic period, China Merchants scrape up also actively explored the application of digital tools and new technologies, and realized the docking of π control screen and China Merchants Communication epidemic prevention and control system.

helping customers to resume work during the epidemic

asset management business has steadily recovered and rebounded

in terms of asset management business, the company's asset management business achieved operating income of 185 million yuan during the reporting period, accounting for 4.78% of the company's operating income. Due to the epidemic, the income from shopping center operation, hotel rental and other holding properties decreased compared with the previous year.

during the epidemic, commercial operations such as shopping malls and hotels were directly affected, and they were closed or semi-closed. In this situation, China Merchants scrape up practiced its social responsibility and the responsibility of central enterprises with practical actions, and actively responded to the national rent reduction and rent-free policy to help customers resume work. The company also helps the business transition of merchants after returning to work, integrates online and offline channels, and improves the business performance of merchants; Through the digital marketing of members, we can optimize the customer consumption experience, ensure the continuous operation of shopping centers and boost the confidence of merchants. By the end of June 22, the passenger flow of the company's asset management business has gradually rebounded to 8% of the same period of last year.

in addition, the leased properties held by the company include hotels, shopping centers, businesses, office buildings and other formats, with the leased area of 561, square meters by the end of the first half of the year, of which the shopping center property is managed by Q9 Asset Management, the hotel property leasing is operated by Grand Sky Hotel, and the rest of the commercial and office buildings are rented out. In addition, the company also holds a Crowne Plaza Kunshan Hotel entrusted to the management of British Intercontinental Hotels Group.

generally speaking, although the epidemic in the first half of the year had a direct impact on the property industry, China Merchants scrape up had a strong operating pressure, and the net profit growth rate of the property management business exceeded the industry expectations, and the asset management business gradually recovered. At the strategic level, the company has not been affected by the big environment, and still aims to build a "leading domestic property asset management operator". As a platform for maintaining and increasing the value of China Merchants Group's assets and a bearing platform for China Merchants Shekou's holding of assets, it has fully played the role of strategic synergy, and delivered a satisfactory answer to the market in the first half year after reorganization.

analysts believe that in the second half of the year, relying on the resources of the parent company, the company has strong advantages in the expansion of residential and non-residential projects, and its professional services are unique, and its financial structure remains stable, which is expected to continue to repair its profit margin level in the future.

(editor Cai Shandan)